Fjordland Exploration Inc. (TSXV:FEX) announces results for drilling completed on the jointly-owned Milligan West property (Serengeti: 56.3%, Fjordland Exploration Inc: 43.7%), located 75 kilometres northwest of Fort St. James in north-central British Columbia, and four kilometres west of the currently producing Mt. Milligan copper-gold mine.
Drilling at Milligan West in 2017 totalled 1,256 metres in three holes targeting zones identified by interpretation of the 2016 Induced-Polarization (IP) survey data, earlier property-wide geophysical surveys, and short drill holes completed by previous workers. Encouraging results were intersected within skarnified volcaniclastic tuff and feldspar-porphyry dykes, including 1.12 g/t gold, 0.70 g/t silver and 0.14% copper over 2.0 metres in MW-17-02, with maximum gold and silver values reaching 1.57 g/t over 1.5 metres, and 33.50 g/t over 3.1 metres, respectively.
The 2017 Milligan West program added significantly to the understanding of the local geology and has led to the identification of an untested near-surface geophysical target area approximately one kilometre to the north of the 2017 drill holes. The newly identified geophysical target area is coincident with historical copper-, zinc- and gold-in-soil geochemical anomalies, which lie directly on trend with the Mt. Milligan — Heidi Lake sulphide system to the east. Although the nature of mineralized intercepts from 2017 are discontinuous, the program confirmed that mineralization at Milligan West is associated with hydrothermal intrusive activity, and Fjordand remains optimistic in the potential for the property to host a significant mineralized system.
Notable intersections from the 2017 drilling program as well as associated geological observations are included in the table below.
|Hole ID||From (m)||To (m)||Interval (m)||Au (g/t)||Ag (g/t)||Cu (%)||Geological Context|
|MW-17-01||164.0||167.0||3.1||0.23||33.50||0.01||Sericite-carbonate-quartz altered feldspar-porphyry dyke|
|295.0||301.1||6.1||0.35||0.25||0.01||Sericite-chlorite-carbonate-quartz altered argillite|
|371.2||374.3||3.0||0.38||0.10||0.01||Sericite-chlorite-carbonate-quartz altered ash tuff|
|MW-17-02||160.0||192.0||32.0||0.10||0.37||0.01||Chlorite-sericite altered agglomerate|
|including||187.8||189.3||1.5||1.57||0.30||0.01||Quartz-sericite-chlorite altered feldspar porphyry dyke|
|264.3||267.3||3.0||0.03||15.60||0.02||Sericite-chlorite-carbonate-quartz altered argillite|
|300.0||302.0||2.0||1.12||0.70||0.14||Chlorite-epidote-carbonate skarn altered ash tuff|
|MW-17-03||No Significant Intercepts|
Notable drill hole intersections from the 2017 Milligan West drilling program
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large scale potentially economic deposits located in Canada. For further information visit Fjordland’s website at www.fjordlandex.com.
On behalf of the Board of Directors,
“Richard C. Atkinson”
Richard C. Atkinson, P.Eng.
President & CEO
Some statements in this news release may contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.